Crypto Blog
The Ethereum blockchain validator queue has cleared for the first time since the Shanghai upgrade in May, according to a research report from Coinbase. The drop suggests that investor demand for ether staking may stabilize.
The Dencun upgrade will incorporate five Ethereum Improvement Proposals to provide additional data storage and reduce fees on the blockchain.in demand for staking. It’s worth noting that the demand for ETH staking surged when the Shanghai upgrade launched in April, with institutional investors depositing three times the amount compared to the previous month.
The counterintuitive numbers could be due to the growing popularity of liquid staking platforms such as Lido and Rocket Pool, which collectively hold a Total Value Locked of $15 billion.that Ethereum’s performance post the Shanghai upgrade could have been influenced by external factors within the crypto environment. These include bearish trends in the overall crypto market, setbacks in projects like Terra and FTX, and regulatory actions in the United States.
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